Strategy sold 3,588 Bitcoin to fund dividends and replenish its US dollar reserve, while Bernstein said the company remains unlikely to become a forced seller.

The Bitcoin treasury giant sold $216 million worth of Bitcoin to cover preferred payouts, as an $8.3 billion quarterly loss piled up.

Strategy reduced its Bitcoin holdings after selling 3,588 Bitcoin for total net proceeds of approximately $216 million.

Strategy (MSTR) sold a record 3,588 bitcoin for $216 million to fund preferred stock dividends.